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Marketable Securities (Tables)
 6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Debt Securities, Available-for-Sale The following table summarizes information regarding the Company’s short-term and long-term marketable securities as of June 30, 2025 and December 31, 2024:
June 30, 2025
(in thousands)CostUnrealized GainsUnrealized LossesFair Value
U.S. government agency securities$1,000 $3 $— $1,003 
Corporate debt securities15,914 2 (27)15,889 
U.S. municipal securities8,954 17 (8)8,963 
U.S. treasury bonds7,000 1 (15)6,986 
Total marketable securities$32,868 $23 $(50)$32,841 
December 31, 2024
(in thousands)CostUnrealized GainsUnrealized LossesFair Value
U.S. government agency securities$8,323 $— $(22)$8,301 
Corporate debt securities15,852 — (82)15,770 
U.S. municipal securities6,762 — (38)6,724 
U.S. treasury bonds1,000 — (3)997 
Total marketable securities$31,937 $— $(145)$31,792 
Schedule of Investments Classified by Contractual Maturity Date
The June 30, 2025 balance of available-for-sale debt securities by contractual maturity is shown in the following table at fair value. Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.
(in thousands)June 30,
2025
Due in one year or less$12,804 
Due after one year through five years20,037 
Total marketable securities$32,841